Binance, the leading crypto-asset trading platform, has received approval from the Bahrain regulator. Thus, the country became the first Middle East-North African country to approve Binance in principle.
Bahrain has approved crypto-asset trading platform Binance to establish itself as a crypto-assets service provider. However, the application process of Binance to obtain a license from the Central Bank of Bahrain continues.
Binance CEO Changpeng “CZ” Zhao also announced the development on his official Twitter account. Binance Canada Capital Markets is registered with the Canadian Financial Transactions and Reports Analysis Center (FINTRAC). According to the documents in the institution, the company was founded on 1 December.
https://twitter. com/cz_binance/status/1475321567026741248
This move represents Binance’s latest move towards becoming a fully regulated crypto-asset trading platform. As we reported earlier, Binance received warnings from many regulators around the world.